Living the #ArtLife can be hard sometimes. Art schools are expensive, supplies are expensive, and the reality is that not every artist will become rich by the age of 26 and spend the rest of their days on Easy Street.

The PinchukArtCenter in Kiev awarded its second Future Genera­tion Prize in early December. Des­pite the cold, there were quite a few visitors, most of them very young. This art center was founded in 2006 by the magnate and former parlia­mentarian Viktor Pinchuk, who consulted with Nicolas Bourriaud at the time. The vegetarian cafe-restaurant designed by France's Philippe Chiambaretta is a local hipster favorite

In December, the temperature in Kiev rarely ventures above freezing. It's the sort of cold that numbs your legs and leaves your toes half-frozen. But last Friday outside the Pinchuk Art Centre, a line of 20-somethings, bundled under layers of fur and down, stretched to the block's end

London's Lynette Yiadom-Boakye has been announced as the main prize winner of the Future Generation Art Prize, established by the Victor Pinchuk Foundation. An international award for artists under the age of 35, the prize comes with $100,000 ($60,000 in cash and $40,000 toward the production of new work)

The Kiev-based Pinchuk Art Centre awarded British painter Lynette Yiadom-Boakye $100,000 as the winner of the Future Generation Art Prize at a ceremony last Friday. Of 21 international finalists Yiadom-Boakye was chosen by a jury including such art-world luminaries as Carolyn Christov-Bakargiev, Massimiliano Gioni, and Hans Ulrich Obrist, among others

Last weekend, the PinchukArtCentre announced the winner Future Generation Art Prize, along with a slew of “special” prizes, each boasting a description too long to capitalize (but also a $20,000 artist-in-residency grant.)

Lynette Yiadom-Boakye, a British artist, is the Main Prize Winner of the second edition of the Future Generation Art Prize. Lynette will receive a 100,000 USD award; 60,000 USD in cash and 40,000 USD to be invested in the production of new work

London's Lynette Yiadom-Boakye has been announced as the main prize winner of the Future Generation Art Prize, established by the Victor Pinchuk Foundation. An international award for artists under the age of 35, the prize comes with $100,000 ($60,000 in cash and $40,000 toward the production of new work)

At a ceremony held in Kiev, Ukraine, Lynette Yiadom-Boakye was announced winner of the Future Generation Art Prize, funded by Ukrainian collector Viktor Pinchuk’s foundation and worth $100,000. Yiadom-Boakye, born and working in London, was shortlisted for her portrait paintings of mainly black subjects, which through cultural context have taken on a political charge. Her work is urgent, sweeping, and dark. Yiadom-Boakye says each work takes her less than a day to complete, because “it’s about a certain kind of urgency and capturing that time frame.”

The second edition of the Victor Pinchuk Foundation’s Future Generation Art Prize, worth $100,000, was launched this week with a press conference streamed live on The Art Newspaper’s website and moderated by our founding editor Anna Somers Cocks. Applications for the award are now available online at futuregenerationartprize.org until 6 May, with the winner due to be chosen in December.

Talk to anyone at the Biennale, and one of the first things you'll hear is a reference to the sheer volume of artwork on display. "I haven't seen that yet," or "I didn't get that far" are common refrains

A giant rubber dragon created for the Venice Biennale by the South African artist Nicholas Hlobo has been bought by the German collector Jochen Zeitz, who is chairman and chief executive of the sportswear company Puma

Cinthia Marcelle, a Brazilian artist who makes films, photographs and installations, is the winner of the first Future Generation Art Prize, it was announced in an award ceremony in Kiev, Ukraine, on Friday.

Exercises in futility seldom have paid off as handsomely as they did Friday for Cinthia Marcelle, a 36-year-old Brazilian conceptual artist who was named the first winner of the Future Generation Art Prize sponsored by Victor Pinchuk, the Ukranian billionaire art collector who’s on the board of L.A.’s Museum of Contemporary Art.

The Future Generation Art Prize, a new $100,000 award for artists younger than 35, created by the Ukrainian billionaire and art collector Victor Pinchuk, has announced the members of the prize’s jury, and many of the names are well traveled on the international art circuit.

A decade ago, just a handful of awards conferred prestige on artists: the Turner Prize (for British art), the MacArthur (for creative genius in the U.S.), and the Archibald (for portraiture in Australia)

Victor Pinchuk, the richest man in Ukraine, with a fortune of $2.6 billion, held a party at the Gramercy Park Hotel last night to announce his new Future Generation Art Prize, which will be awarded every two years to an artist 35 years-old or younger

Ukrainian billionaire Victor Pinchuk paused during a walk through New York’s Museum of Modern Art yesterday to talk about his new art prize, which starts next year and awards $100,000 to an artist 35 or younger

Immediately following the announcement of the Turner Prize winner in London last night, the Victor Pinchuk Foundation has announced plans to start a new $100,000 prize, which will be given every two years to an artist under the age of 35

A new $100,000 prize for artists under the age of 35 is being announced on Tuesday by the Victor Pinchuk Foundation, a nonprofit organization founded in 2006 by its namesake Ukrainian billionaire and art collector